Facts about the course
- ECTS Credits:
- 2.5
- Responsible department:
- Faculty of Logistics
- Course Leader:
- Arild Hoff
- Lecture Semester:
- Autumn
- Teaching language:
- English
- Duration:
- 1 week
LOG904-125 Transportation Infrastructure and Economic Development (Autumn 2022)
About the course
The influence that transport has on the economy has always been of interest to policymakers, with respect to large infrastructure projects and in efforts to stimulate growth in the economy. The aim of this seminar is to give students a solid grasp of the fundamentals of how, when, why and to what extent transport infrastructure affects businesses and the economy. The course will also give students practical knowledge regarding how to evaluate transport infrastructure’s impact on the economy in a cost benefit analysis paradigm
Topics covered: Transport-economy concepts and impacts on the firm; Regional growth theories and economy frictions; Evaluating transport infrastructure investment; Ex post evidence of economic impacts; Practical case study estimating productivity impacts on GDP; GDP and Welfare; Modelling economic impacts; Valuing economy impacts in a cost benefit analysis; Workshop on incorporating wider economic impacts; Cost benefit analysis challenges.
The course is connected to the following study programs
- Master of Science in Logistics
- Experience-based Master in Logistics
- Master of Science in Sustainable Energy Logistics
- Exchange programme - Master's level
- Master of Science in Sustainable Transport and Urban Mobility
Recommended requirements
The students will be using spreadsheets during the course and the assessment. Basic spreadsheet skills are required.
The student's learning outcomes after completing the course
Knowledge: To have a solid grasp of how, when, why and to what extent transport infrastructure affects businesses and the economy; how and why different economy modelling methods give rise to different predictions of economy impacts
Skills: understand how to incorporate economic impacts into a transport cost benefit analysis
General competence: understand the strengths and limitations of transport role in influencing economic performance and the relationship between welfare and GDP appraisal metrics.
Forms of teaching and learning
Teaching consists of lectures and spreadsheet work
Examination
Examination 1:
-
Form of assessment: Home assessment without presentation
-
Proportion: 50 %
-
Duration: Submitted at the end of Thursday of the week long seminar
-
Grouping: Individually or group
-
Grading scale: Letter (A - F)
-
Support material: References provided in the coursework guidance and lectures
Examination 2:
-
Form of assessment: Home assessment without presentation
-
Proportion: 50 %
-
Duration: Submitted at the end of Saturday after the week long seminar
-
Grouping: Individually or group
-
Grading scale: Letter (A - F)
-
Support material: References provided in the coursework guidance and lectures